Behind every informed decision lies a sound prediction. Despite the increasing availability of “big” data and recent advances in algorithmic predictions, the most important strategic decisions still require human judgment. When relevant information is dispersed across people with varying knowledge and expertise, organizations need to address the key questions of crowd-sourced prediction and decision-making:
- Who are the experts in the crowd?
- What is the best way to aggregate the experts’ judgments?
- How can we prevent bias, “gaming,” and groupthink?
This seminar equips the participants with the tools required to answer these questions, allowing them to turn the wisdom of the crowds into superior decisions for the organisation.